e mërkurë, 23 maj 2007

Smaller Profits - quicker turn around

I spent half an hour changing all of my 3 % take profits to 2% take profits. Why you ask? Why take a smaller profit? Look at it like this...costs are 0.7%, so on a 2% share price move, with 10% gearing, I will still make a 13% profit.(as opposed to a 23% profit). But I get in and out quicker, and can re-use the capital on other CFD buys. This is good for me right now, as I still take a bit of time to work out the sell price before placing it into the market.

Grant at Specutip has been great in his patience and support, always ready with advice and guidance, great for a newbie like me. Thanks Grant!

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BLOG about "BUYING TIME" and making sure you "BANK IT!!"

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